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This home will be available soon!

506 2nd Street S

Tower, MN 55790

3 beds
2 baths
1,659 sqft
6,969 sqft lot
$150 per sqft
1898 build
– on site

Beautifully updated historical home with the perfect blend of charm & modern updates. This property has been renovated throughout & is situated in-town Tower; allowing easy access to Lake Vermilion & its recreation opportunities. (Just bocks away from the recently proposed/approved Downtown Harbor Marina) This 3 Bed/ 2 Bath/ 1659sqft. home is sure to check your boxes. The new 2 stall detached garage is still under construction; it will be complete soon. This welcoming home offers such a warm atmosphere, ideal for entertaining. It has many new, professionally updated features which include; two brand new freestanding fireplaces, newly constructed screen porch, new propane furnace, electrical upgrades, complete cosmetic renovation of almost every room in the home; tasteful, contemporary & executed as out of a designer magazine. It also includes; a freshly painted exterior, tongue & groove ceilings & so much more!!! The master suite offers a second entrance & small balcony; it is still getting some finishing touches. Some furnishings are available to stay; with a suitable offer. This property presents so many possibilities for many types of enjoyment. Some examples include; *Primary home; provides lots of space & is move- in ready, *Secondary home; on land for island owners, *Secondary home; close to Lake Vermillion & all the amenities that the area has to offer without the large price or taxes, *Bed & Breakfast; provides an excellent vibe, layout & location! *Short term rental opportunity (Airbnb); take the advantage of staying when you want & rent it out the rest of the year!

Listing courtesy of NORTHSTAR / Brina Guyer / MN DIRECT PROPERTIES

Last checked: Checking… • Last updated May 10, 2025 •

MLS# 6716552 —

The Building

Year Built:

1898
New Construction:

false
Age Of Property:

127
Construction Materials:

Wood Siding
Accessibility Features:

None
Levels:

Two
Main Level Finished Area:

1011.0000
Basement:

None
Basement:

false
Foundation Area:

1011
Manufactured Home:

No
Building Area Total:

1659
Above Grade Finished Area:

1659

Interior

Dining Room Description:

Separate/Formal Dining Room
Fireplace:

true
Fireplaces Total:

2
Fireplace Features:

Free Standing, Wood Burning

Room Dimensions

Living Area:

1659

Location

Directions:

In- town Tower
Latitude:

47.804064
Longitude:

-92.275057

The Property

Parcel Number:

080001002610
Zoning Description:

Residential-Single Family
Property Type:

Residential
Property Subtype:

Single Family Residence
Property Attached:

false
Additional Parcels:

false
Lot Size Area:

0.16
Lot Size Dimensions:

140x50
Lot Size SqFt:

6969.6
Lot Size Units:

Acres
Water Source:

City Water/Connected
Land Lease:

false

Listing Agent

Contact info:

Taxes

Tax Year:

2024
Tax Annual Amount:

922
Tax With Assessments:

922.0000

Beds

Bedrooms Total:

3

Baths

Total Baths:

2
Bath Description:

Main Floor Full Bath,Upper Level 1/2 Bath
Full Baths:

1
Half Baths:

1

Heating & Cooling

Heating:

Forced Air, Wood Stove
Cooling:

None

Utilities

Electric:

Circuit Breakers
Sewer:

City Sewer/Connected

Schools

High School District:

St. Louis County

The Community

Subdivision Name:

Tower
Association:

false
Assessment Pending:

Unknown

Parking

Parking Features:

Detached
Garage Spaces:

2
Garage SqFt:

576

Monthly cost estimate

Asking price

$250,000

Expense	Monthly cost
Mortgage	$1,338
Taxes	$76
Insurance	$68
Utilities	$220 See report
Total	$1,702/mo.^*
	^*This is an estimate

Explore the Area

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From

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Air Pollution Index

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Sale history

Date	Event	Source	Price	% Change
5/7/25 May 7, 2025	Coming Soon	NORTHSTAR	$250,000	100.2% (68.4% / YR)
11/20/23 Nov 20, 2023		DAAR	$124,900
10/3/23 Oct 3, 2023		DAAR	$124,900

House

$250,000

Cost Est.

$1,702/mo.

Listing provided by broker:

Brina Guyer

MN DIRECT PROPERTIES

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This house is located in Tower, MN 55790. 506 2nd Street S is a 1,659 square foot house with 3 beds and 2 baths that has been on Estately for 3 days. This house is in the attendance area of Tower-Soudan School.

Listing Courtesy of: NORTHSTAR and MN DIRECT PROPERTIES.

Estately, Inc. is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Thomas Rehman, a licensed Real Estate Broker in the state of Minnesota, and a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc. Information deemed reliable but not guaranteed.

©2025 Regional Multiple Listing Service of Minnesota, Inc. All Rights Reserved. Information deemed reliable but not guaranteed. Property data presented reflects information otherwise available from public records. The REALTOR® providing this information may not have represented the buyer or seller in some or all of the transactions.

The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. RMLS and Estately, Inc. assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law.

Open house information subject to change without notice.

Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.